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vsa with Malcolm

  • #16,241
  • Mar 15, 2011 8:38am Mar 15, 2011 8:38am
Quoting Intel
Yes the term 'squat' has been used (and still is) by some traders here. We commonly use it to describe a narrower spread than the previous bar on higher volume. We only tend to take notice when we see a wide spread bar on high volume then see a squat.

The correct definition of a squat is a bar where compared to the previous bar, the MFI is down and the volume is up. It comes from Bill Williams and his mothodology.

Technically the bar in question could be a squat (I haven't bothered to measure it), but it's certainly not a squat as we have come...
So as a follow up to this conversation pertaining to squat bars and VSA... I saw a nice example today on the EU 5 min that fits exactly what Intel mentions... narrower spread and higher volume that the previous bar. It even fits the set-up of when these should be taken note of as having some possible importance. As you can see in this case after the squat price reversed back up again.

The two red lines mark the wide spread bar on high volume, followed by an even higher volume bar on higher volume again.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #16,242
  • Mar 15, 2011 8:40am Mar 15, 2011 8:40am
Quoting mima
Someone remember these guys? That is bacground....EU might still go down...
Yes your computers background I'm sure
Today's zone = Tomorrow's opportunity!
  • #16,243
  • Mar 15, 2011 8:50am Mar 15, 2011 8:50am
Quoting mima
Someone remember these guys? That is bacground....EU might still go down...
Your pic of bears and your call "they're coming" is a once-a-week tradition in this forum. But would you mind telling us what you see in background?
  • #16,244
  • Mar 15, 2011 8:54am Mar 15, 2011 8:54am
Quoting amletit
Your pic of bears and your call "they're coming" is a once-a-week tradition in this forum. But would you mind telling us what you see in background?
I see 2 NS bars in the last 6 completed bars on the 5min chart...
Today's zone = Tomorrow's opportunity!
  • #16,245
  • Mar 15, 2011 8:55am Mar 15, 2011 8:55am
Quoting pres78
So as a follow up to this conversation pertaining to squat bars and VSA... I saw a nice example today on the EU 5 min that fits exactly what Intel mentions... narrower spread and higher volume that the previous bar....
Aargh..again..should have read this post and pulled out. (Volume was still forming in this pic.) A quick 25 pips down the tubes. Will do next time.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 5min 201103015m.gif Size: 24 KB
  • #16,246
  • Mar 15, 2011 8:58am Mar 15, 2011 8:58am
"...You don’t go looking for trades but rather you just recognize them when they appear."


http://jamesdaltontrading.com/blog/2...ton+Trading%29
  • #16,247
  • Mar 15, 2011 8:58am Mar 15, 2011 8:58am
The POC's are really grouped together... we a couple of groups which have a couple of POC's very close together... so close I can't even read the date labels on my charts anymore
Today's zone = Tomorrow's opportunity!
  • #16,248
  • Mar 15, 2011 9:01am Mar 15, 2011 9:01am
Quoting pres78
The POC's are really grouped together... we a couple of groups which have a couple of POC's very close together... so close I can't even read the date labels on my charts anymore
around where? i have today's developing at 3880, yesterday's at 3927, and 6 days back at 3905...those a volume based POC's with day start at 00:00 GMT. are you using LO as day start?
Change is the only constant
  • #16,249
  • Mar 15, 2011 9:02am Mar 15, 2011 9:02am
Quoting FrankSA
Aargh..again..should have read this post and pulled out. (Volume was still forming in this pic.) A quick 25 pips down the tubes. Will do next time.
Hi,
Would You mind sharing Your arrow and moving average indicator mate?
looks nice

thx,
Seb
  • #16,250
  • Mar 15, 2011 9:05am Mar 15, 2011 9:05am
Quoting tgwhbb
around where? i have today's developing at 3880, yesterday's at 3927, and 6 days back at 3905...those a volume based POC's with day start at 00:00 GMT. are you using LO as day start?
Yes I am using volume and day start hour as 0... which I think for my broker might me GMT + 1...

Right now I have my POC's from today and yesterday both near 3930, Last Tueday and Wednesday around 3903 and Thursday and Friday both around 3822...???
Today's zone = Tomorrow's opportunity!
  • #16,251
  • Mar 15, 2011 9:08am Mar 15, 2011 9:08am
Quoting Flynchenberg
Hi,
Would You mind sharing Your arrow and moving average indicator mate?
looks nice thx,Seb
Hate to disappoint you, but I insert arrows manually as I analyze each bar.

Often I just say to myself, "just trade em like you call em" don't hesitate or doubt VSA signal.
  • #16,252
  • Mar 15, 2011 9:14am Mar 15, 2011 9:14am
Quoting pres78
Yes I am using volume and day start hour as 0... which I think for my broker might me GMT + 1...

Right now I have my POC's from today and yesterday both near 3930, Last Tueday and Wednesday around 3903 and Thursday and Friday both around 3822...???
yeah, sounds right...i have today's at 3880, but the profile at that point is just barely longer than at 3927 which is where the POC was before.
Change is the only constant
  • #16,253
  • Mar 15, 2011 9:14am Mar 15, 2011 9:14am
Looks like EU may heading back to the VAH and DPP... 3950-3960.
Today's zone = Tomorrow's opportunity!
  • #16,254
  • Mar 15, 2011 9:22am Mar 15, 2011 9:22am
Quoting pres78
Looks like EU may heading back to the VAH and DPP... 3950-3960.
A lot of strength in the last few hours. That could have been the dip to take advantage of. I was taken out of all my gu longs on that massive leg down. A eur entry would be nice but there is still FOMC today.
  • #16,255
  • Mar 15, 2011 9:25am Mar 15, 2011 9:25am
Quoting Sonofsin5
A lot of strength in the last few hours. That could have been the dip to take advantage of. I was taken out of all my gu longs on that massive leg down. A eur entry would be nice but there is still FOMC today.
That mean u get shaken out?
Trading is simply cruel..

Sonic
  • #16,256
  • Mar 15, 2011 9:27am Mar 15, 2011 9:27am
Quoting Sonofsin5
A lot of strength in the last few hours. That could have been the dip to take advantage of. I was taken out of all my gu longs on that massive leg down. A eur entry would be nice but there is still FOMC today.
Nice 15 min test forming off yesterday's POC... still a few mins to go...
Today's zone = Tomorrow's opportunity!
  • #16,257
  • Mar 15, 2011 9:27am Mar 15, 2011 9:27am
Dr. G and juhanimi, was this potential entry for you?
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5min.jpg Size: 108 KB
  • #16,258
  • Mar 15, 2011 9:29am Mar 15, 2011 9:29am
Quoting Sonofsin5
A lot of strength in the last few hours. That could have been the dip to take advantage of. I was taken out of all my gu longs on that massive leg down. A eur entry would be nice but there is still FOMC today.
i generally don't use chart patterns, but today's drop formed what looks like the right shoulder of an inverse H&S pattern (on the 4HR chart). if it plays out the target is roughly 4250. Which is a great number as it aligns with November's VAH. Confluence is a great thing...but time will tell...
Change is the only constant
  • #16,259
  • Mar 15, 2011 9:32am Mar 15, 2011 9:32am
Quoting pres78
Nice 15 min test forming off yesterday's POC... still a few mins to go...
looks valid to me i wonder if its got enough to head back to 1.4 today...that would make quite the shakeout day...3970 should provide some resistance...yesterday's VAH, if price can move above and hang around there for the rest of the day i wold be very happy
Change is the only constant
  • #16,260
  • Mar 15, 2011 9:32am Mar 15, 2011 9:32am
Quoting pres78
Nice 15 min test forming off yesterday's POC... still a few mins to go...

bought it, fingers crossed
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